Energy Update
(Tue, 10 Mar 2015) EIA forecasts that Brent crude oil prices will average $59/bbl in 2015, $2/bbl higher than projected in last month's STEO, and $75/bbl in 2016. West Texas Intermediate (WTI) prices in 2015 and 2016 are expected to average $7/bbl and $5/bbl, respectively, below Brent. The Brent-WTI spread for 2015 is more than twice the projection in last month's STEO, reflecting continuing large builds in U.S. crude oil inventories, including at the Cushing, Oklahoma storage hub.
TOKYO, March 10 (Reuters) - Liquefied natural gas (LNG) spot prices for buyers in Japan fell for the fourth straight month in February, dropping more than a quarter to the lowest price since the survey began last March, trade ministry data showed on Tuesday.
Energia Nigeria, along with its partners, is planning to develop a 30,000 barrels refinery as part of its efforts to reduce fuel import to the country.
Bahrain is planning to complete and commission the Sitra crude oil refinery expansion project in the island of Sitraby 2019.
SAN FRANCISCO, March 9 (Reuters) - Wholesale gasoline prices in the Los Angeles market started the week on a quiet note, falling slightly in thin trading amid a break in shipment scheduling, market sources said.
AMSTERDAM, March 9 (Reuters) - The Dutch justice minister and his state secretary resigned on Monday after acknowledging they misled parliament about the facts surrounding a settlement with a drug kingpin in 2001.
WASHINGTON, March 9 (Reuters) - President Barack Obama and Hillary Clinton exchanged emails during her time as secretary of state, the White House said on Monday, confirming the president was aware that his potential successor used a private email address for government work.
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